« previous next »

Author Question: If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ... (Read 105 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 29, 2018
If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ________ and the equilibrium quantity ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; increases
  D) falls; decreases

Question 2

Which of the following games provides the best way to model price wars?
 
  A) a repeated duopoly game
  B) a game of chicken
  C) a sequential entry game in a noncontestable market
  D) a sequential entry game in a contestable market


Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Categories of E&M Codes Used for Medical Office Services Categories of E&M Codes Used for Medical Office Services
Radioactive protection services record book and two badge-style dosimeters. Radioactive protection services record book and two badge-style dosimeters.
Trees provide ecosystem services to people Trees provide ecosystem services to people
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library